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Bitcoin Reverses From $74,000 as Middle East Tensions Jolt Markets

Fresh U.S. military developments in the region triggered a swift risk-off shift that interrupted a crypto rebound.

Overview

  • Bitcoin rallied to near $74,000 before sliding to about $71,200 following the headlines, though it remained roughly 2% higher over 24 hours.
  • U.S. Central Command confirmed that all six crew members on a refueling aircraft that crashed in Iraq had died.
  • The Wall Street Journal reported the Pentagon plans to deploy a Marine expeditionary unit of about 2,500 troops to the Middle East, including forces attached to the USS Tripoli.
  • U.S. equities flipped to small losses, gold extended a recent pullback by about 1%, and oil jumped more than $5 to roughly $97.30.
  • Ether, Solana and dogecoin were up around 3% but off session highs, crypto-linked stocks such as Marathon Digital advanced, and trader Paul Howard of Wincent said such geopolitical jolts often fade quickly.